Sub Markets

Property Sectors

Topics

California CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

California  + Bay Area  + Apartments  | 

Sack Capital, Belveron Team on San Jose Apartment Acquisition

Sack Capital Partners and Belveron Partners have acquired Fountain Park, a 164-unit garden-style apartment community at 1026 S. De Anza Blvd. in San Jose, and will convert a portion of the units into affordable housing. Sack will also provide property management services. Seller and sale price were not disclosed.

“Our team at Sack is pleased to partner with Belveron as we transform this well-situated development to a much-needed affordable community,” said managing partner David Feinberg. “We believe there will be great demand for Fountain Park due to its exceptional location near high-tech companies such as Apple, PayPal, Cisco, and Adobe, as well as proximity to SJSU, De Anza College, and Palo Alto University – Cupertino.”

Fountain Park was originally built in 1974, and many of its studio, one- and two-bedroom residences were recently renovated. The property’s central location in San Jose/Cupertino provides abundant shopping and restaurant options along with easy 85 and 280 access, according to Sack and Belveron.

Connect

Inside The Story

Sack Capital Partners

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action